The Wisdom of Cato’s Letters

Americans are coming into the home stretch of the 2020 election campaigns. The constant media drumbeat of why we must vote has begun, but without any noticeable mention that voting without being informed cannot advance what our Constitution called the “General Welfare.” And the campaigns themselves have largely been filled with promises of using government power to deliver targeted voters something for nothing, rather than central, logically prior issues, such as what the legitimate powers of government are.

Let’s Stop Ignoring the History of Conquests and Atrocities Committed by Non-Europeans

Of extreme interest to many in academia is the impact of Western imperialism on former colonies. Exploring the implications of Western hegemony has become a cottage industry. There is a litany of studies examining colonial legacies in the developing world. For instance, distinguished scholars James Robinson and Daron Acemoglu trace underdevelopment in some countries to the institutional legacies of colonialism. History shapes the future, so we should never suggest that examining the effects of Western colonialism is an unworthy goal.

Central Banks Double Down on the Failed Policies of the Twentieth Century

In a macroeconomics-driven world, economic fallacies abound. They are periodically trashed when disproved, only to arise again as received wisdom for a new generation of macroeconomists determined to justify their statist beliefs. The most egregious of these is that inflation can only occur as the handmaiden of economic growth, while deflation is similarly linked to a recession spinning out of control into the maelstrom of a slump.

This error is the opposite of the facts.